SHANGRAO, China - JinkoSolar (NYSE:JKS) Holding Co., Ltd. (NYSE: JKS), a prominent solar module manufacturer, announced today that it has granted a patent license to a top-five global solar cell company. This license agreement allows the unnamed licensee to use JinkoSolar's N-type TOPCon solar technology for a fee.
JinkoSolar, known for its extensive portfolio of granted N-type TOPCon patents, emphasizes its commitment to maintaining technical leadership through its intellectual property rights. This move follows a similar agreement with another leading solar module company on January 5, 2024.
Dr. Hao Jin, CTO of JinkoSolar, stated the agreement demonstrates industry recognition of the company's technological leadership in the photovoltaic (PV) sector. He also highlighted JinkoSolar's ongoing investment in research and development, which bolsters its competitive position in the solar industry.
The company's patent licensing is seen as part of a broader effort to foster innovation and the development of new products within the solar market. Furthermore, Dr. Jin called for the protection of technology to ensure the maturation of China's PV industry.
JinkoSolar serves a diverse international customer base, with 14 production facilities and 24 overseas subsidiaries across various regions, including the Americas, Europe, Asia, Africa, and the Middle East as of September 30, 2023.
This strategic licensing agreement is based on a press release statement and is part of JinkoSolar's ongoing business operations. The company continues to distribute solar products and offer solutions and services worldwide, maintaining its position as a key player in the solar module manufacturing industry.
InvestingPro Insights
In light of JinkoSolar's recent patent licensing agreements and their commitment to technological leadership in the solar industry, certain financial metrics and expert analysis from InvestingPro can provide additional context for investors. With a notably low Price / Book multiple of 0.44 as of the last twelve months leading to Q3 2023, JinkoSolar appears to be trading at a value that may interest investors looking for assets with tangible book value. This aligns with an InvestingPro Tip that highlights the stock as trading at a low revenue valuation multiple.
Moreover, the company's net income is expected to grow this year, which could signal a strengthening financial position in the near term. This positive outlook is complemented by the fact that JinkoSolar has been profitable over the last twelve months, with a substantial revenue growth of 66.66% during the same period. The robust revenue growth underscores JinkoSolar's competitive position in the Semiconductors & Semiconductor Equipment industry, which is also noted as an InvestingPro Tip.
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